Short Interest in ProShares UltraPro Short Dow30 (NYSEARCA:SDOW) Decreases By 22.8%
by Doug Wharley · The Cerbat GemProShares UltraPro Short Dow30 (NYSEARCA:SDOW – Get Free Report) was the target of a significant drop in short interest in December. As of December 15th, there was short interest totaling 561,009 shares, a drop of 22.8% from the November 30th total of 726,576 shares. Based on an average daily volume of 4,338,114 shares, the short-interest ratio is currently 0.1 days. Approximately 8.8% of the company’s stock are sold short. Approximately 8.8% of the company’s stock are sold short. Based on an average daily volume of 4,338,114 shares, the short-interest ratio is currently 0.1 days.
ProShares UltraPro Short Dow30 Stock Performance
Shares of ProShares UltraPro Short Dow30 stock traded up $0.18 during midday trading on Tuesday, hitting $31.34. The company had a trading volume of 1,069,623 shares, compared to its average volume of 3,156,411. ProShares UltraPro Short Dow30 has a 52-week low of $30.55 and a 52-week high of $75.95. The company has a 50 day moving average of $33.39 and a 200 day moving average of $37.36.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its stake in ProShares UltraPro Short Dow30 by 164.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,815 shares of the exchange traded fund’s stock valued at $117,000 after acquiring an additional 1,751 shares during the period. Squarepoint Ops LLC raised its holdings in shares of ProShares UltraPro Short Dow30 by 246.1% during the second quarter. Squarepoint Ops LLC now owns 80,829 shares of the exchange traded fund’s stock valued at $3,352,000 after purchasing an additional 57,476 shares during the last quarter. BNP Paribas Financial Markets lifted its position in ProShares UltraPro Short Dow30 by 120.4% during the second quarter. BNP Paribas Financial Markets now owns 4,863 shares of the exchange traded fund’s stock valued at $202,000 after purchasing an additional 2,657 shares during the period. Group One Trading LLC bought a new position in ProShares UltraPro Short Dow30 during the second quarter valued at approximately $492,000. Finally, Corient Private Wealth LLC purchased a new stake in ProShares UltraPro Short Dow30 in the second quarter worth approximately $207,000.
ProShares UltraPro Short Dow30 Company Profile
ProShares UltraPro Short Dow30 (the Fund) seeks daily investment results that correspond to three times (300%) the inverse (opposite) of the daily performance of the Dow Jones Industrial Average (the Index). The Index is a price-weighted index maintained by editors of The Wall Street Journal. The Index includes 30 large-cap, United States stocks, excluding utility and transportation companies. The Fund invests in financial instruments whose value is derived from the value of an underlying asset, interest rate or index.